USDA Issues NOFA to Preserve and Renovate Existing Rural Rental Housing Projects

The U.S. Department of Agriculture (USDA) has published a Notice of Funding Availability (NOFA) for the Multi-Family Housing Preservation and Revitalization (MPR) Demonstration program, announcing that $20 million in budget authority is available to eligible borrowers/applicants to preserve and revitalize existing Rural Rental Housing (RRH) projects under Section 515, Section 514, and Section 516 of the Housing Act of 1949. 

Applicants must submit pre-applications in response to the notice by 5 p.m. (EST) on Nov. 24.  No additional Rental Assistance (RA) units will be made available under this program.

The 21 page notice describes the newly authorized (as part of FY14 Consolidated Appropriation) demonstration, applicant eligibility and the processes involved.  To view the notice, click here.

Contact: Ken Harris, kharris@leadingageny.org, 518-867-8835